President Obama will announce a new 10-year food security initiative for Africa on Friday ahead of the G-8 summit at Camp David, according to the Associated Press.
The New Alliance for Food Security and Nutrition is a joint effort by private sector companies that have pledged $3 billion in food and nutritional assistance to Africa to support sustained agricultural development and growth.
The initiative builds on Obama’s effort at the 2009 summit in L’Aquila, Italy, which resulted in $22 billion in food security pledges from G-8 leaders and other nations.
Obama will unveil the initiative in a speech on Friday morning that kicks off the four-day summit.
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